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Govt cleared UG $50M security service debt

May 12, 2013 News

– Institution still has numerous other liabilities

A $50M debt incurred by the University of Guyana, for security payment was paid off by the government Friday morning. The money was paid directly to Neal and Massy after the security service had threatened to halt services provided at the institution.
This publication was informed that soon after the tertiary institution became aware of Neal and Massy’s threat to withdraw the guards from the campus, the information was circulated to all Council members and relevant Government officials.
Sources at the University said that the payment has completely cleared the institution’s debt owed to Neal and Massy.
However, the source added that the University is still indebted to many other entities “We still have many other liabilities, including outstanding utility payments.”
This newspaper understands that the University has been “broke for a long time now. We just simply need more funding.”
Kaieteur News has also been told that for “many years now University of Guyana has been operating on a deficit budget.”
The source said that there is nothing in the pipeline “known to us” to address the financial situation, “it’s like we were being ignored until today.”
Another source said that “it is ridiculous what is going on, they (the government) know we’re not getting enough, but before they budget adequately they wait to play super government.”
There have been several cases of university students being attacked and robbed. Students have also complained of their cars being burglarized.
A possibility of a hike in tuition fees had been announced by the Vice Chancellor so that the institution can better help itself. Government is yet to rule out the increase. (Abena Rockcliffe)

 

 

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